|Bid||238.55 x 800|
|Ask||241.72 x 900|
|Day's Range||241.22 - 250.00|
|52 Week Range||214.17 - 274.66|
|PE Ratio (TTM)||14.39|
|Earnings Date||Dec 18, 2018|
|Forward Dividend & Yield||2.60 (1.02%)|
|1y Target Est||287.08|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest moves.
FedEx's executive VP Rajesh Subramaniam said Amazon's new delivery service "should not be confused as competition with FedEx" during the company's most recent earnings call on Monday. This isn't the first time FedEx downplayed Amazon's logistics threat. Amazon continues to expand its own delivery network, and launched a new program called Delivery Service Partners that lets entrepreneurs run their own local delivery networks of up to 40 vans.
finished Tuesday's trading down $12.60, or 5.5%, after the firm reported earning $3.46 per share in its fiscal first quarter vs. the $3.80 that analysts had expected. "Another year, another messy start," Morgan Stanley equity analyst Ravi Shanker wrote in a note following the earnings release, lamenting the combination of mixed quarterly results but aggressive forward guidance from management. Despite missing first-quarter earnings estimates due to rising wages and tariff concerns, FedEx executives boosted EPS guidance for fiscal-year 2019 as a whole to a range of $17.20-$17.80, up from prior guidance of just $17-$17.60.
Analysts are feeling positive about cash flow at Fedex Corp. as the company begins to move on from expensive pension contributions and wage hikes that dragged down the shipping firm's latest quarterly earnings. FedEx shares tanked on Tuesday after FDX missed analysts' profit expectations for its fiscal first quarter, but those who follow the stock see brighter days ahead.
On a day stocks rose in spite of new tariff moves, FedEx fell after reporting disappointing profits and Viking Therapeutics announced surprisingly strong results from a drug trial.
The major U.S. indices closed Tuesday's session on a high note, shrugging off a new round of trade turmoil as the U.S. and China exchange threats over trade pacts. has spent years debating with financial firms over how much access the social media company should have to financial information that was transferred over its Messenger platform, according to a Wall Street Journal report. The Journal reports that as recently as last year the company haggled with financial firms for the ability to use customer data for targeted advertising purposes.
Stocks that moved substantially or traded heavily on Tuesday: Oracle Corp., down 15 cents to $49.03 The business software company reported weaker sales than analysts expected. FedEx Corp., down $14.15 ...
The stock market was modestly higher amid an exchange of tariffs between the U.S. and China. FedEx fell after its EPS report.
The U.S. will levy 10% tariffs on $200 billion worth of China-made goods, with tariffs rising to 25% by the end of 2018. China retaliated, saying it would impose $60 billion of tariffs on U.S. goods. ended slightly lower after cloud services revenue at the software giant came in below forecasts.
It may seem like more packages are landing on your doorstep than ever before, but your online shopping habit isn’t translating to profits for FedEx.
Apple (NASDAQ:AAPL) hasn’t been trading that well lately, but that’s what happens when a $1 trillion market cap stock gets bid up into a big event. After a lower high, Apple broke below its 20-day moving average. Interestingly, NFLX stock has put in a series of higher highs (purple arrows) as well as lower lows (blue arrows).
-- which is down some 5% Tuesday afternoon following disappointing earnings -- has shown a strong correlation to any bad news related to the U.S.-Chinese trade war, as the iconic American company ships packages around the world. This came into sharper focus this week as President Donald Trump announced further tariffs affecting more than $200 billion in Chinese exports to America. Although FDX is primarily down Tuesday due to a disappointing earnings report, the White House bluster isn't helping.
Despite that tailwind, FedEx reported weaker than expected quarterly bottom line results despite reporting stronger than expected revenue and boosting its 2019 outlook. Specifically, FedEx now sees FY2019 EPS of $17.20-$17.80 vs. its prior guidance of $17.00-$17.60 and the consensus of $17.40. While FedEx cited some modest impact was had on its business due to tariffs with China (China-U.S. bidirectional packages are 2% of FedEx revenue), it forecasted continued revenue growth ahead which reflects the shift toward digital commerce mentioned above.